Verdi, ZDS reach agreement after five rounds of negotiations
NewsThe German union Verdi and ZDS reached a new labour agreement for 11,500 North Sea port workers, pending a member vote.
Hapag-Lloyd capital increase
Hapag-Lloyd will now conduct a capital increase following the merger with UASC, as announced during the lines’ merger proceedings in May
The gross proceeds are estimated at €352M (US$414M) at a subscription price of €30. The proceeds will be mainly used to reduce debt.
The capital increase is backstopped by the primary shareholders CSAV Germany Container Holding GmbH, Kuehne Maritime GmbH, Qatar Holding Germany GmbH and The Public Investment Fund of the Kingdom of Saudi Arabia. They have committed to exercise their subscription rights and to acquire new shares that are not acquired by other shareholders. The company’s share capital of €164.04M will rise by €11.72M to €175.76M.
- Hapag-Lloyd has taken delivery of the 15,000 TEU AL JMELIYAH from Hyundai Samho Heavy Industries in South Korea. The vessel is the last in a series of 17 newbuilds contracted to HSHI by UASC in the summer of 2013. The series comprised 11 15,000 TEU and six 19,900 TEU ships, the first of which was delivered in 2015. Following the merger with Hapag-Lloyd at the end of May this year, these units are now all part of the Hapag-Lloyd fleet, which currently consists of 219 ships. This makes Hapag-Lloyd the fifth-largest liner shipping company in the world.
- Hapag-Lloyd won the “Deal of the Year” award for its merger with UASC at the Lloyd's List Global Awards dinner held in London last week.
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